Petrol prices hit 55-month high in Mumbai

19th Apr 2018 6:52 pm

Petrol costs Rs 81.96 per litre in the country’s financial capital, while diesel reaches highest-ever price in India at Rs 69.50 per litre.

The price of petrol Mumbai has hit a new high in 55 months and costs Rs 81.96 for a litre in the financial capital. This is the highest it has reached since September 14, 2013, where it had cost Rs 83.62 per litre . 

In 2014, the highest price that petrol had scaled was Rs 82.07 per litre. The lowest prices that motorists paid – and happily at that – was Rs 62.75 a litre on March 10, 2016. After this date though, as per our sister publication Autocar Professional’s analysis of fuel prices in the past two years, petrol prices never fallen below Rs 65 a litre, and have continuously marched upwards.

The year 2017 began with petrol being priced at Rs 76.91 a litre and ended at Rs 77.87 a litre, with the highest being Rs 79.99 a litre on October 3, 2017. The lowest price at which the fuel was sold last year was Rs 72.66 a litre on April 1, 2017.

As of today, the price differential between the two fossil fuels, petrol and diesel, is now Rs 12.40 a litre.

Diesel at its highest ever price

If you thought diesel vehicle owners are a happier lot when it comes to tanking up, then it’s worth doing a rethink. Today, in Mumbai, diesel costs Rs 69.50 a litre, the highest ever the ‘common man’s’ fuel has ever cost in India. The previous highest was Rs 67.26 a litre on August 31, 2014. 

On March 10, 2016, the price of diesel rate in Mumbai was Rs 53.06 a litre, rose to Rs 55.64 a litre on August 16, 2016, and from then on, Mumbai never bought diesel at Rs 55 to a litre. The price rally has now hit Rs 69.50 litre today, the highest ever recorded. Even in the other four key metros, today’s diesel price is the highest in their respective history, with Delhi paying Rs 65.18 a litre, Kolkata Rs 67.88 and Chennai Rs 68.76.

In 2017, the lowest recorded rate for diesel in Mumbai was Rs 58.19 a litre and the highest was Rs 64.89 a litre at the start of the year.

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